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ABU DHABI / WAM Adnec Group, a 100% owned subsidiary of Modon Holding, on Monday announced that it has signed definitive agreements for the acquisition of 100 percent of the share capital of Royal Catering Services LLC, an Abu Dhabi-based catering service provider. Royal Catering has over 2,500 employees and a production capacity of more than 50,000 meals daily. Serving ...

DUBAI / WAM Energy sector leaders and officials in the UAE emphasised that World Energy Day serves as a call for collective action and global cooperation, while also providing an opportunity to celebrate the nation’s achievements in the energy sector. The remarks were part of a press statement released by the Dubai Electricity and Water Authority (DEWA) in recognition of ...

ABU DHABI / WAM The UAE is participating in 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC, from October 21 to 26 2024. Represented by the Ministry of Finance, the UAE delegation will be led by Mohamed bin Hadi Al Hussaini, Minister of State for Finance. The delegation also includes ...

ABU DHABI / WAM Lulu Retail Holdings PLC on Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). In a press release on Monday, the company said that a total of 2,582,226,338 ordinary shares, each with a nominal value of $0.014 (which is ...

ROME / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), has met with the UAE-Italy Friendship Group chaired by Salvatore Caiata, and discussed ways to strengthen parliamentary cooperation between the FNC and the Italian Parliament, including coordination on issues of mutual interest. During the meeting at the Italian Parliament, both sides emphasised their shared alignment on crucial international ...

ABU DHABI / WAM The Organising Committee of the Global Media Congress (GMC) 2024 has announced the opening of online registration for visitors and representatives of local, regional, and international media to participate in the third edition of the Congress. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of ...

MOSCOW / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan attended a special dinner hosted in his honour by His Excellency Vladimir Putin, President of the Russian Federation, at the latter’s official residence. During the meeting, both sides engaged in friendly conversation. His Highness thanked His Excellency President Putin for his ongoing commitment to strengthening UAE-Russian relations ...

ROME / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), held a session of discussions with President of Italy’s Chamber of Deputies, Lorenzo Fontana, at the Chamber’s headquarters here, as part of his official visit to Italy. The two sides stressed the importance of the distinguished relations between the two countries, which date back to 1972, and based ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain on the passing of Sheikh Humood bin Abdullah bin Hamad bin Isa Al Khalifa. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler ...

SHARJAH/WAM United Arab Bank PJSC (UAB) has announced its financial results for the nine months ended 30th September 2024. UAB posted a net profit before tax of AED 233 million for the first nine months of 2024 compared to AED209 million for the same period last year, representing a year-on-year increase of 12%. Net interest income was higher by 20% ...